Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against ApeX Omni−0.053%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on ApeX Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.053%, 7d avg −0.023%

Together, before fees+0.049%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.030% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2464	0.0100	pay 0.0013% / 1h	42m 18s	$56K	$579K	50x
Short	edgeX ADAUSDC	0.2463	0.0100	get 0.0050% / 4h	1h 42m	$66K	$281K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee edgeXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.023%: −$3.03
Slippage, 4 orders: −$26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$48.03
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 40 min ago; edgeX: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 40 min ago	4.06 bp	13.1 bp −$13	42.7 bp −$427	doesn't fit	doesn't fit
Sell edgeX live order book, 40 min ago	6.10 bp	10.6 bp −$11	30.5 bp −$305	doesn't fit	doesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2468	+0.150%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2466	+0.081%	$157K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2471	+0.268%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2471	+0.284%	$422K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0094%	1h	0.2471	+0.299%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2470	+0.248%	$2.5M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2471	+0.292%	$42.8M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2471	+0.284%	$1.2M	$919K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2469	+0.223%	$158K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2472	+0.313%	$102.2M	$355.6M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2471	+0.284%	$71.7M	$100.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2473	+0.365%	$32.0M	$105.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2470	+0.244%	$97.5M	$57.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2471	+0.284%	$53.4M	$50.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2471	+0.284%	$30.5M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2472	+0.325%	$66.2M	$42.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2471	+0.284%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2468	+0.175%	$102K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2458	−0.233%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2463	−0.053%	$66K	$281K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2462	−0.064%	$297K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2464	long leg	$56K	$579K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2470	+0.264%	$97K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	+0.284%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2472	+0.318%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2472	+0.324%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2472	+0.304%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2465	+0.038%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2466	+0.081%	$48.1M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2470	+0.234%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2472	+0.327%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2463	−0.049%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2465	+0.041%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2471	+0.293%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.771%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2470	+0.257%	$123K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4760%	1h	0.2533	+2.792%	$492K	$349K	50x	as long as short